Hsbc Holdings PLC Grows Stock Holdings in XPO, Inc. $XPO

Hsbc Holdings PLC boosted its holdings in XPO, Inc. (NYSE:XPO) by 29.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 18,341 shares of the transportation company’s stock after buying an additional 4,126 shares during the period. Hsbc Holdings PLC’s holdings in XPO were worth $3,525,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. V Square Quantitative Management LLC grew its position in shares of XPO by 19.1% during the first quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock worth $73,000 after purchasing an additional 60 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in XPO by 13.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 494 shares of the transportation company’s stock worth $68,000 after purchasing an additional 60 shares in the last quarter. Root Financial Partners LLC lifted its holdings in XPO by 21.1% in the 1st quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock worth $70,000 after purchasing an additional 63 shares in the last quarter. UMB Bank n.a. boosted its stake in XPO by 4.4% in the 4th quarter. UMB Bank n.a. now owns 1,483 shares of the transportation company’s stock worth $202,000 after purchasing an additional 63 shares during the period. Finally, Blair William & Co. IL boosted its stake in XPO by 1.4% in the 4th quarter. Blair William & Co. IL now owns 4,927 shares of the transportation company’s stock worth $670,000 after purchasing an additional 70 shares during the period. Institutional investors own 97.73% of the company’s stock.

XPO Price Performance

Shares of XPO stock opened at $212.60 on Friday. The stock has a market cap of $24.96 billion, a price-to-earnings ratio of 72.81, a price-to-earnings-growth ratio of 2.46 and a beta of 1.85. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50 day moving average price of $210.31 and a 200-day moving average price of $197.33. XPO, Inc. has a one year low of $116.68 and a one year high of $232.05.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.XPO’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 EPS. Equities analysts expect that XPO, Inc. will post 4.91 EPS for the current year.

Insiders Place Their Bets

In other news, Director Allison Landry sold 2,400 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the sale, the director owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.87% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, June 8th. Zacks Research upgraded shares of XPO from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Benchmark raised their target price on shares of XPO from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Oppenheimer lifted their price target on shares of XPO from $228.00 to $236.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Finally, Barclays boosted their price target on shares of XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $219.76.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.